Real estate brokerages and agents often are faced with questions where we lack the hard empirical data necessary to make an informed decision or provide sound advice. We turn to collective decision making, rely on anecdotal evidence, and use our instincts to make a decision or provide advice.
Here are a few examples of some issues:
Each of the links above reviews the existing academic research and provide answers to the questions posed. Before reading some of these articles, I made certain assumptions and reached certain conclusions that do not appear to be supported by the empirical data. Whether it is pricing a home accurately, developing a marketing piece, or making brokerage related business decisions, these studies provide some guidance and act as a starting point for analyzing the issue and developing the proper course of action.
If you are interested in academic research that focuses on real estate related issues, then you may want to take a look at some of the following real estate journals:
If you use academic research in your real estate practice and the real estate journal is online, please post a description of the journal as well as the link to the website where it is located.
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PREA SIGNATURE REALTY
PREA Signature Realty is a full service brokerage located at 1709 Park Avenue in the Lafayette Square neighborhood of the City of St. Louis. PREA Signature proudly serves the following city neighborhoods: Lafayette Square, Soulard, Benton Park, Benton Park West, Downtown Loft District, Forest Park Southwest, Central West End, Tower Grove East, Tower Grove South, Compton Heights, Shaw, The Hill, Dogtown, Carondelet, Holly Hills, St. Louis Hills, Dutchtown, and the Other Historic Neighborhoods of the City of Saint Louis, Missouri.
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I've been reviewing designation materials in search of nuggets that might not have been relevent three years ago that would come into play today. It pays to be prepared!